Currency Analyst since 2010

Feb. 24: Asian session

Asian shares declined as China shares sank to a 2-week low on rumors that a large bank has tightened lending to property-related companies.

USD/JPY slid to 102.16 following Nikkei 225 which is down by more than 1%. AUD/USD is trading on the downside. Aussie tested $0.8940, before returning by 20 pips higher. The pair fell after iron-ore prices touched a week-low and amid reports from China. NZD/USD tested $0.8960 before returning to $0.8280 on better domestic data.

EUR/USD edged up to $1.3742. GBP/USD rose to $1.6446.

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